破產
bankruptcy
法律過程中,破產人的債務是清算後治理得到滿足由債務人的資產可能的最大程度。在破產,債務人的資產被法院獲委任為受託人持有和管理
Legal process, governed by federal statute, whereby the DEBTS of an insolvent person are liquidated after being satisfied to the greatest extent possible by the DEBTOR'S ASSETS. During bankruptcy, the debtor's assets are held and managed by a court appointed TRUSTEE